Option E , ASEAN trading bloc would reduce trade barriers between China and Vietnam
Explanation:
The Association is a national intergovernmental body of ten countries in Southeast Asia that promotes intergovernmental cooperation and facilitates the integration of its members and others in the Asian economy, diplomacy, defense, the army, education and social-culture.
In and beyond the Asia-Pacific region, ASEAN regularly engages with other countries. ASEAN is a major partner in the Shanghai Cooperation Organization and operates a global network of allies and dialog members, many of them considered a financial superpower and central Asia-Pacific co-operation union.
The ASEAN Secretariat is headquartered in Jakarta, Indonesia, and is involved in numerous international affairs, and holds diplomatic missions all over the world.
Answer:
See explanations
Explanation:
a. What is the daily demand rate? 2500/365=6.85 per day
b. What is the optimal production quantity? sqrt( 2DCo/Ch)=sqrt(2*2500*25/1.48)= 290.619=291
c. How long will it take to produce the optimal quantity? 291/50=5.82 days
d. How much inventory is sold during the production run time? 6.85*5.82= 40
e. If Ross uses the optimal production quantity, what would be the maximum...
Answer:
Explanation:
Issue: Will the court rule in support of Daniel’s argument that Nintendo breached the warranty based on reasonable expectation on the performance of an expensive system and statements made while selling the gaming system?
Rule: There is a creation of express warranty when a seller makes a description of the statement quality, condition or performance of goods sold. This warranty is created by the statement of facts and if the seller uses words to designate the value of the supposed goods, it will only be considered as an opinion that does not create any express warranty.
The customer’s reasonable expectation of the existence of the gaming system based on the price leads to implied warranty. The goods sold should be logically fit for the general purpose for which it is sold. It should be of proper quality to satisfy the implied warranty of merchantability and the goods should fit the particular purpose for which the buyer will use the goods to satisfy the implied warranty of fitness for a particular purpose.
Analysis: Here, the argument of Daniel that Nintendo’s description of the gaming system as “most reliable”, and “durable” asserted that the quality and performance of the gaming system will not stay because these words create general statements that are made as part of sale or seller’s opinion about the goods. These words would be considered as puffery and do not create any express warranty. The higher price of the gaming system would create an implied warranty about the performance of the system, but the switch failed only after the warranty period. When the seller has expressly stated the warranty period as one year, any defects that occur after the warranty period will not breach the implied warranty.
Moreover, the gaming system was reasonably fit for Daniel’s business purpose and worked well during the warranty period. Hence Daniel’s arguments will not stay in front of the court.
Conclusion: The court will not rule in favor of Daniel and Daniel will not be able to recover against Nintendo because no breach of warranty had occurred.
Answer:
The journal entry is shown below:
Explanation:
According to the scenario, the journal entries for the given data are as follows:
Petty cash A/c Dr $236
To Cash A/c $236
(Being establishment of the fund is recorded )
Office supplies A/c Dr $94
Misc. Expense A/c Dr $89
Cash Over / Short Dr $22 ( $236 - $31 - $89 - $94)
To Cash A/c $205 ( $236 - $31)
(Being Reimbursement of the fund is recorded)
Answer: Investment for Desmond and US foreign direct investment.
Explanation:
This is an investment for Desmond because he owns the store. He is therefore the equity shareholder and investor into the store.
It is also a U.S. Foreign Direct Investment (FDI) because FDI is what describes a situation where an entity from a country goes to another country and sets up a business there that they will own and operate. Desmond being a U.S. citizen is operating a store in another country so this is U.S. FDI.